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Get your taxes done using TurboTax
You will add your new property in 2022 when it is placed in service- you will do the adjustment to the basis and report the exchange on Form 8824 again if you sold to a related person. Anytime you do a 1031 exchange you want to keep tax records for the entire time until you dispose of all properties involved.
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March 29, 2022
4:13 PM